#Monochloroacetic Acid (MCAA) Market share

[pearlsmith25]

Monochloroacetic Acid (MCAA) Market Assessment: Environmental and Regulatory Impacts

Monochloroacetic Acid (MCAA) is a vital chemical compound that finds extensive applications in various industries, including agriculture, pharmaceuticals, and chemicals. Its versatile nature, coupled with a wide range of applications, has made the Monochloroacetic Acid market a significant segment of the global chemical industry. This article delves into the Monochloroacetic Acid market, exploring the driving forces behind its growth, current trends, and future prospects.

Market Overview

Monochloroacetic Acid Market, a colorless, crystalline organic compound, is primarily used in the production of carboxymethyl cellulose (CMC), herbicides, and various drugs. The compound is also used in the manufacture of surfactants, detergents, and pesticides. The growth of these industries directly influences the demand for MCAA.

Driving Forces

Agricultural Sector Growth: With the global population continuously rising, the demand for food is increasing, leading to the growth of the agricultural sector. Monochloroacetic Acid is a crucial component in the production of herbicides, which are essential for weed control in agriculture. As a result, the increasing demand for herbicides is a significant driving force behind the MCAA market's growth.

Pharmaceutical Industry: The pharmaceutical industry relies heavily on Monochloroacetic Acid for the synthesis of various drugs and chemicals. As the healthcare sector expands globally, the demand for pharmaceutical products is also on the rise, boosting the MCAA market.

Cosmetics and Personal Care Industry: The cosmetic and personal care industry is witnessing substantial growth, driven by changing consumer preferences and an increased focus on personal grooming. MCAA is used in the production of surfactants and emulsifiers for cosmetics, further contributing to its market growth.

Environmental Concerns: Environmental regulations have become increasingly stringent, pushing the chemical industry towards the development of more environmentally friendly products. Monochloroacetic Acid manufacturers are investing in sustainable production methods, which is likely to attract environmentally conscious consumers and industries.

Current Trends

Bio-based Monochloroacetic Acid: One of the prevailing trends in the Monochloroacetic Acid market is the development of bio-based MCAA. Manufacturers are exploring greener alternatives that reduce the environmental impact of production while maintaining product quality.

Customized Formulations: Customers are increasingly seeking customized formulations of MCAA to meet their specific needs. This trend has led to increased research and development efforts by manufacturers to provide tailored solutions.

Asia-Pacific Dominance: The Asia-Pacific region, particularly China and India, has emerged as a dominant player in the global MCAA market. The presence of a strong manufacturing base, coupled with increasing industrialization and urbanization, is driving the demand for Monochloroacetic Acid in this region.

Future Prospects

The future of the Monochloroacetic Acid market demand appears promising, driven by several factors:

Innovations in Production: Continuous research and development efforts are expected to lead to more efficient and sustainable production processes for MCAA, ensuring a stable supply.

Expanding Applications: As industries evolve and diversify, new applications for Monochloroacetic Acid are likely to emerge, further expanding its market potential.

Global Sustainability Initiatives: The increasing focus on sustainability and environmental responsibility is likely to stimulate investments in eco-friendly MCAA production methods, opening up new opportunities.

In conclusion, the Monochloroacetic Acid market is poised for growth, fueled by its diverse range of applications and the ever-evolving industrial landscape. As industries continue to adapt to changing consumer demands and environmental regulations, the demand for MCAA is expected to remain robust, making it a crucial component of the global chemical industry.

[constructioandchemicalblog]

Monochloroacetic Acid Market Size, Revenue Share, Major Players, Growth Analysis, and Forecast, 2022–2030

The global Monochloroacetic Acid Market estimated at US$786.8 Million in the year 2021, is projected to reach a revised size of US$918.9 Million by 2030, growing at a CAGR of 2.5% over the analysis period 2021-2030.

Monochloroacetic acid (MCAA), also known as chloroacetic acid, is a specialty organochlorine compound. It is colorless, crystalline structured mass, highly soluble in water. The global monochloroacetic acid market is primarily driven by the rising demand for agrochemicals in the major agricultural countries such as India, Brazil, China, and others. Lack of cultivable land and infertility of soil are the major drivers of the global monochloroacetic acid market. Furthermore, monochloroacetic acid is used in the production of carboxyl methyl cellulose (CMC), which is required in bulk for oil drilling activities such as a viscosity modifier and water retention agent, which is likely to drive the market growth over the assessment period. Additionally, the product holds a vital place in the pharmaceutical industry and is used for producing drugs such as maleates, ibuprofen, diclofenac sodium, n-glycine, and others. The product is also used as a thickening agent and offers proper texture to the cosmetics and personal care products. The increasing demand for cosmetic & personal care products across the globe due to increasing awareness amongst the consumer is expected to fuel the market growth further. Moreover, the product is used in the processing of PVC resins, which is likely to propel the product demand in the plastic industry. However, fluctuations in raw material prices may challenge the market growth over the assessment period. Depletion of oil & gas reserves is another concern that may restrain the market growth.

Segmentation

The global monochloroacetic acid market is segmented on the basis of the form, application, end-use industry, and region.

Based on the form, the global monochloroacetic acid market is segmented into crystalline, liquid, powdered, and flakes.

The global monochloroacetic acid market is segmented on the basis of the application as carboxyl methyl cellulose, thioglycolic acid, thickening agent, surfactants, intermediates, and others.

On the basis of the end-user industry, the global monochloroacetic acid market is segmented into agrochemicals, pharmaceuticals, cosmetic & personal care, oil & gas, textiles, plastics, and others.

Key Players

Akzo Nobel N.V.

CABB GmbH

Daicel Corporation

Denak Co., Ltd

The Dow Chemical Company

PCC SE

Niacet

Xuchang Dongfang Chemical Co. Ltd.

Shandong Minji Chemical Co., Ltd.

Shiv Chem Industries

Abhishek Impex

Merck KGaA

Jubilant Life Sciences Ltd.

Alfa Aesar

Thermo Fisher Scientific

anugrah IN-ORG(P) LIMITED

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Regional Analysis

The global monochloroacetic acid market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia Pacific accounted for a major share of the global monochloroacetic acid in 2016 owing to high demand from the various end-use industries such as agrochemicals, pharmaceuticals, and textiles. The sanguine demand for agrochemicals on the backdrop of increasing agricultural activities in Association of Southeast Asian Nations (ASEAN), China, and India is expected to boost the MCAA demand in Asia Pacific market.

North America was the second largest region in the global monochloroacetic acid market on account of high demand from the pharmaceuticals and cosmetic & personal care industry. The rapid rise in the agriculture sector in the U.S. is an underlying driver of the market.

Europe is expected to grow at a considerable CAGR on account of the high production from the pharmaceutical industry in the region.

Latin America is expected to witness a significant growth due to the growing agriculture and personal care industries in the region.

Increasing product demand as a water retention agent and viscosity modifier in exploration & drilling of oil deposits is likely to drive the market in GCC countries in the Middle East region.

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[tmr123123]

Monochloroacetic Acid (MCAA) Market Size, Company Revenue Share, Key Drivers & Trend Analysis, 2020–2030

Monochloroacetic Acid is also called Chloroacetic Acid having a molecular formula-CICH2CO2. MCCA plays a key role in manufacturing of several well-known products that are essential in daily living. Commercially, MCCA is also accessible in water solution. Basically, MCCA is a monochloroacetic acids, an instant substance preserving experience of several types of intermediary random reactions. Some of the vital markets for MCCA and its derivatives are surfactants, drilling fluids, food processing, textiles, herbicides, construction, pharmaceuticals, and plastic stabilizers. The MCCA marketplace is expected to be influenced by the Chinese marketplace owing to its uses as an intermediate in textile auxiliaries, pharmaceuticals, as well as esters and carboxyl methyl cellulose manufactures. Global sales of monochloroacetic acid was valued at US$ XX Mn in 2018 and is projected to increase 1.5X over the forecast period (2018 – 2028) to be valued at US$ XX Mn by the end of 2028.

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Market Dynamics

The global market for MCCA is primarily driven by growing market demand for the production of glycine, carboxymethylcellulose, and thioglycolic acid. For the production of cellulose gel, commonly known as CMC, considerable amount of MCCA is consumed. MCCA uses imparts certain properties such as emulsion stabilization and viscosity boosting and apart from this MCCA uses in production of CMC proffers texture and flow alteration in the product. These kind of attributes compel CMC uses for several application viz. alcoholic beverages, ice-cream, powdered drinks, and non-alcoholic beverages in the food & beverages industry.

Also, CMC is usually preferred over natural and synthetic glues that will drive its market demand and in turn is projected to escalate the MCCA consumption for the production of CMC. As a result, these factors are anticipated to fuel the revenue growth of the global market for MCCA in the next eight years.

For the production of several types of insecticides and herbicides, MCCA is the basic raw material such as widely used insecticides triclopyr and chlorpyrifos are derivative of MCAA. However, the MCAA route for production of symtet generating considerable amount of hazardous waste. Also, production facility which are functioned through the MCAA route face certain obstacles including high maintenance and operational prices rise owing to corrosiveness of MCAA. Regionally, China market plays an important role in the MCCA development globally. Certain factors that are propelling growth in the China market include:

Cellulosics Industry

The global market for MCCA is mainly driven by the growing demand of carboxymethyl cellulose in activities related with oil drilling. Also, the cellulosics segment will remain dominant and will exhibit significant growth in the next eight years. Additionally, couple of years back, Dow Chemicals was planning to enlarge their production capacity of cellulosic in the APAC.

Moreover, leading key players in market are aiming towards a strategy that provides an organic market growth through tactical joint ventures. Also, they are setting up newer facilities for production in order to stay competitive in the MCCA market globally. Some of the major companies operating in the global market for MCCA include CABB Group, Niacet Corporation, Shandong Minji Chemical,

IOL Chemicals & Pharmaceuticals, S.R. Drugs &Intermediates, AkzoNobel N.V.,

Nufarm Limited, Jubilant Life Sciences, Archit Organosys Limited and Meridian Chem Bond, among others.

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Flourishing End-use Industries

MCCA combined with its alkali salts is widely used for manufacturing several types of chemical products. For example, MCCA is transformed to sodium chloroacetate and reacts with alkali cellulose for manufacturing CMC and used in various end-use industries viz. textiles, coatings, cosmetics, detergents, food, drilling muds, and pharmaceuticals. And all these kind of these industries flouring in China and the demand for MCCA will remain growing in China with the increasing expansion of these industries.

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Agrochemicals Industry

For phenoxy herbicides production, MCCA is used. In the global market for MCCA, agrochemicals sector is anticipated to be the second largest segment and in the coming years, it will expand exponentially. In terms of fertilizers, China has emerged as the largest producer across the globe. Additionally, in China region, high demand for fertilizers and pesticides is predicted to grow significantly in the global market for MCCA. In pesticides market of APAC region, China is expected to remain dominant in the global market for MCCA in the next eight years.

[shruticmi-universe]

Monochloroacetic Acid (MCAA) Market Size, Trends, Shares, Insights and Forecast - 2027

[pagrawal11]

Monochloroacetic Acid Market, Segmentation, Regional Analysis, Intended Audience, High Demand, Key Players and Manufacturing

The global monochloroacetic acid market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific was the largest region in the global monochloroacetic acid market in 2016 owing to high demand from major end-use industries such as personal care, agrochemicals, and others. Increasing agricultural sector in India, China, South Korea, Indonesia, and others are expected to propel the market growth in Asia Pacific region. Additionally, the product is used to provide texture to the personal care products, which is expected to drive the market growth in the personal care sector over the assessment period, 2018-2023. Furthermore, the product is also used in the fusion of indigo dyestuff, which is expected to drive its demand in the textile industry, especially, in the Southeast Asian market.

 The global monochloroacetic acid market is segmented on the basis of form, application, end-use industry, and region.

The global monochloroacetic acid market is segmented on the basis of the form into crystalline, liquid, powdered, and flakes.

Based on the application, the global monochloroacetic acid market is segmented into carboxyl methyl cellulose, thioglycolic acid, thickening agent, surfactants, intermediates, and others.

On the basis of the end-use industry, the global monochloroacetic acid market is segmented into agrochemicals, pharmaceuticals, cosmetic & personal care, oil & gas, textiles, plastics, and others.

 Global Monochloroacetic Acid Market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia Pacific accounted for a major share of the global monochloroacetic acid in 2016 owing to high demand from the various end-use industries such as agrochemicals, pharmaceuticals, and textiles. The sanguine demand for agrochemicals on the backdrop of increasing agricultural activities in Association of Southeast Asian Nations (ASEAN), China, and India is expected to boost the MCAA demand in Asia Pacific market.

North America was the second largest region in the global monochloroacetic acid market on account of high demand from the pharmaceuticals and cosmetic & personal care industry. The rapid rise in the agriculture sector in the U.S. is an underlying driver of the market.

 Key Players Some of the manufacturers operating in the global monochloroacetic acid market are Akzo Nobel N.V. (Netherlands), CABB GmbH (Germany), Daicel Corporation (Japan), Denak Co., Ltd (Japan), The Dow Chemical Company (U.S.), PCC SE (Germany), Niacet (U.S.), Xuchang Dongfang Chemical Co. Ltd. (China), Shandong Minji Chemical Co., Ltd. (China), Shiv Chem Industries (India), Abhishek Impex (India), Merck KGaA (Germany), Jubilant Life Sciences Ltd. (India), Alfa Aesar, Thermo Fisher Scientific (U.S.), and anugrah IN-ORG(P) LIMITED (India).

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[cindy893]

Monochloroacetic Acid (MCAA) Market: Analysis, Applications, Demands, Growth and Research to 2025

Global Monochloroacetic Acid (MCAA) Market Research Report 2019 Presents Intellect by Leading Players, Type, Applications, Distribution Channel, Consumption, Revenue (Mn/Bn USD) and Region --Forecast to 2025.

The analysis on the Monochloroacetic Acid (MCAA) Market provides complete data. Components, as an instance, the situation of the small organization enterprise, significant players size, SWOT analysis, and also patterns on the market are within the study. Along with that, the Monochloroacetic Acid (MCAA) report tables, numbers on growth, figures, and graphs offering a view of this market.

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Top Players/Businesses-

AkzoNobel, CABB, Daicel, Denak, Dow, PCC, Niacet, Xuchang Dongfang Chemical, Shandong Minji Chemical, Shiv Chem, Abhishek Impex, Merck, Jubilant Life Science, Alfa Aesar, Anugrah In-Org(P), S.R.Drugs and Intermediates

Market Products and Applications:

Product Types:

Dry powder

Liquid and pellets form

Applications Types:

Cellulosics

Agrochemicals

Surfactants

Thioglycolic acid (TGA)

Others

Geographies Analyzed are:-

North America

Asia-Pacific

UK, Europe

Central & South America

Middle East & Africa

The prime purpose with this global Monochloroacetic Acid (MCAA) market report would help to comprehend industry concerning its definition, segmentation and possibilities, essential trends and also the challenges which the current market is facing. The Monochloroacetic Acid (MCAA) research represents the majority of our efforts, supplemented by a thorough secondary investigation. We analyzed Monochloroacetic Acid (MCAA) report that is relevant, annual reports, media releases and players product to promoting understanding and analysis.

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Key Questions Answered in this Report -- Monochloroacetic Acid (MCAA) Industry, Status, and Forecast from Players, Types, and Applications

Which all Monochloroacetic Acid (MCAA) organizations are profiled from the report?

What all segmentations covered?

Which would be global Monochloroacetic Acid (MCAA) market opportunities and restraints with producers in the industry?

Which will be the Monochloroacetic Acid (MCAA) trending variables currently impacting the market shares?

What will be the global Monochloroacetic Acid (MCAA) market size in 2025?

Who will be the top vendors in Monochloroacetic Acid (MCAA) market?

What's going to be the growth speed?

Which will be the significant Monochloroacetic Acid (MCAA) market trends?

Which industry regions are currently affecting on Monochloroacetic Acid (MCAA) market's development?

Which will be the trending factors of Monochloroacetic Acid (MCAA) Market?

The analysis on the Monochloroacetic Acid (MCAA) market also provides a chronological fact-sheet concerning this mergers, acquirements, activities, along with partnerships widespread from the market. Great tips by pros on spending in Monochloroacetic Acid (MCAA) advanced work will help in usefulness in class contestants as well as also trusted associations for the predator that is improved at the building parts of their Monochloroacetic Acid (MCAA) market players may attain an apparent comprehension of the major competitions along with their prospective predictions.

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[morerushikesh]

The Monochloroacetic Acid (MCAA) Market is expected to witness sustained growth over the forecast period (2019-2023).The growth of the Monochloroacetic Acid (MCAA) market is driven as there is favourable growth in the industry is a major factor which will boost the global Monochloroacetic Acid (MCAA) market.

[mypurplenutcollectionuniverse]

The global monochloroacetic acid (MCAA) market is having a prolific run at present and can expect a safe passage growth-wise is owing to its popularity in the agricultural sector. Monochloroacetic acid is a specialty organochlorine compound that is colorless, crystalline structured mass, and highly soluble in water.

[tejasamale]

Rising Demand from China to Fuel Global Monochloroacetic Acid (MCA) Market

According to the latest market research report published by Transparency Market Research, the global monochloroacetic acid (MCA) market is expected to display positive growth at a CAGR of 3.6% during the forecast period between 2014 and 2020. The report, titled “Monochloroacetic Acid Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”, points out that the widespread usage of monochloroacetic acid in various industries will increase the valuation of the overall market. In 2013, the global monochloroacetic acid market was worth US$817.1 million with a total volume of 677.0 kilo tons and by 2020, the report estimates that the market will be valued at US$1,046.7 million. Monochloroacetic acid, also known as chloroacetic acid, is a carboxylic acid used to manufacture useful products such as dyes, drugs, drilling fluids, and pesticides, among others. China has emerged as the world’s biggest producer of fertilizers. The report cites that the mounting demand for monochloroacetic acid from China is expected to help the growth of the global monochloroacetic acid market.

Monochloroacetic acid is used on a large scale in the production of carboxymethyl cellulose. The extensive use of carboxymethyl cellulose in oil drilling is forecast to drive the global monochloroacetic acid market. The rising demand for agrochemicals such as glyphosate is also expected to augment the monochloroacetic acid market. However, the manufacturers of monochloroacetic acid are constantly challenged by the volatility of the prices of raw materials such as methanol and acetic acid. This will curtail the growth of the market. Chloroacetic acid is used widely in various activities in mining. The rising taconite and iron ore mining activities will create new opportunities for the global monochloroacetic acid market.

Depending upon the various applications of monochloroacetic acid, the global monochloroacetic acid has been segmented into agrochemicals, surfactants, thioglycolic acid, cellulosics, and others. The report mentions that in 2013, cellulosics accounted for more than 32% of the overall market and thus emerged as the leading application segment. The agrochemicals segment was the second largest application segment of the market. Both segments are expected to grow exponentially during the forecast horizon. The application of MCA in the production of thiglycolic acid and surfactants is also estimated to grow substantially due to the latter’s roles in the manufacture of intermediary compounds such as imidazolines and betaines, which are further used to make various products in the personal care industry.

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The report has categorized the global monochloroacetic acid market into four key regions: Europe, Asia Pacific, North America, and Rest of the World. In 2013, the market was driven primarily by demand from Asia Pacific due to the rising industrial landscape for personal care, agrochemicals, and manufacturing. Europe, North America, and Rest of the World jointly held 35% of the global monochloroacetic acid market. The report mentions that the key players of the global monochloroacetic acid market include Niacet Corporation, CABB GmbH, AkzoNobel N.V, Dow Chemical Company, MCAA SE, Daicel Corporation, and Denak Co. Ltd, among others.

[barkarjosh-blog]

Monochloroacetic Acid (MCAA) Market size was estimated over USD 900 million in 2016 and the industry will grow with a CAGR of approximately 4% by 2024.

[pressreleaseng-blog]

Global Monochloroacetic Acid (MCAA) Sales Market 2016-2021 AkzoNobel, CABB, Daicel, Niacet, Anugrah In-Org (P) Ltd, Jubilant

Global Monochloroacetic Acid (MCAA) Sales Market 2016-2021 AkzoNobel, CABB, Daicel, Niacet, Anugrah In-Org (P) Ltd, Jubilant

To begin with, the report defines the Monochloroacetic Acid (MCAA) Sales market and segments it based on the most important dynamics, such as applications, geographical/regional markets, and competitive scenario. Furthermore Monochloroacetic Acid (MCAA) Sales market report provides detail analysis, forecast, Size, share, outlook, current trends, market demand, market growth. Macroeconomic and…

[wiseguyreports]

The 'Global and Chinese Monochloroacetic Acid (MCAA) Industry, 2011-2021 Market Research Report' is a professional and in-depth study on the current state of the global Monochloroacetic Acid (MCAA) industry with a focus on the Chinese market. The report provides key statistics on the market status of the Monochloroacetic Acid (MCAA) manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry

[shruticmi-universe]

MONOCHLOROACETIC ACID (MCAA) MARKET ANALYSIS

Monochloroacetic Acid (MCAA) Market, By Application (Production of Chemical Compounds(Carboxymethylcellulose, Thioglycolic Acid, Technical Grade Glycine, and Others (Cyanoacetic Acid, Glycolic Acid, Betaine)), Drugs(USP Grade Glycine, Others (Ibuprofen)), Herbicides & Insecticides (Technical Grade Glycine, 2,4-D, 2,4,5-T, Others (MCPA, Dimethoate)) and Others (Others (Indigo Dyes, Amphoteric Surfactants))), By End Use (Pharmaceutical Industry, Chemical Industry(Agrochemicals, Specialty Chemicals, Others (Dyes, Detergents, Polymers, Pulp & Paper), Food & Beverages Industry, Personal Care Industry, Others (Oil & Gas)), and by Regions (North America, Latin America, Europe, Asia Pacific,  Middle East, & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

Definition of Monochloroacetic Acid (MCAA) Market/Industry:

Monochloroacetic acid (MCAA) is also known as chloroacetic acid, is a colorless crystalline compound and is highly soluble in organic solvents. It has a chemical formula ClCH2CO2H with a molecular weight of 94.49 gram/mol. It is broadly used in the production of agrochemicals, pharmaceutical drugs, and various chemical compounds. It is a key ingredient in the manufacturing of carboxymethyl cellulose (CMC) compound and it has a wide range of applications across the food industry where it is used as a viscosity modifier, thickener, and emulsion stabilizer.

The global Monochloroacetic acid (MCAA) market is estimated to account for US$ 551.6 Mn in terms of value and 882.5 Kilo Tons in terms of volume by the end of 2018

Drivers:

Rising demand for carboxymethyl cellulose (CMC) compound from the food and beverage industry owing to its excellent viscosity and emulsion stabilizer properties. It is used in ice-creams, beverages, and other food products is expected to boost the market growth of Monochloroacetic acid (MCAA).

Growing demand for glycine, as Monochloroacetic acid is a key material used in the production of glycine. Around 1.26 kg of MCAA is consumed for the production of 1kg of glycine. Glycine is mainly produced in two grades i.e. in technical grade and USP (United States Pharmacopeia) grade. Technical grade has various industrial applications such as the production of rubber sponge materials and metal finishing processes. USP grade is used as an additive in pet food prophylactic for diarrhea, especially for chicken and cat food.

Asia Pacific region dominated the global Monochloroacetic acid (MCAA) market in 2018, accounting for 66.5% share in terms of volume, followed by Europe and North America, respectively

Figure 1. Global Monochloroacetic acid (MCAA) Volume Market Share (%), By Region, 2018

Source: Coherent Market Insights, 2018-19

Market Restraints

Increasing usage of pyridine as an alternative substitute of Monochloroacetic acid in the symtet production, as they are used in the production of herbicides and insecticides is expected to hamper the market growth of Monochloroacetic acid over the forecast period. For instance, Jubilant Life Sciences Limited—an India-based producer—has introduced the production process to produce symtet by pyridine route. The process generates fewer effluents as compared to MCAA route and involves minimum costs for production.

Market Opportunities

Increasing usage of Monochloroacetic acid as a precursor in the production of ibuprofen which is widely used to treat pain, inflammation, and fever. Hence, this is expected to propel the market growth of Monochloroacetic acid over the forecast period.

Growing focus of major players for expanding production facilities of ibuprofen is further expected to boost the market growth of Monochloroacetic acid. For instance, in October 2019, IOL Chemicals and Pharma Ibuprofen manufacturing facilities in Barnala clears USFDA inspection. OL Chemicals and Pharma Ibuprofen manufacturing recently received clearance from the US Food and Drug Administration USFDA.

Figure 2. Global Monochloroacetic acid (MCAA) Market, Opportunity Analysis

On the basis of end use, chemical segment is expected to dominate the global Monochloroacetic acid market in terms of volume accounting for a market share of 67.9% in 2018.

Market Trends/Key Takeaways

Increasing application of Monochloroacetic acid from various end-use industries such as pharmaceuticals, chemicals, personal care, and food & beverages coupled with the expanding chemical industry in the Europe region is further projected to favor the market growth of the Monochloroacetic acid. For instance, the PCC SE Company commissioned a production facility for ultra-pure monochloroacetic acid production (Capacity–42 KT/ year) in Poland. Currently, production operations are in the start-up phase. The production is expected to commence by the end of 2016.

The growing focus of Monochloroacetic acid producers in the Asia Pacific region for expanding production facilities is a major trend that has been observed in the market. This is expected to foster the market growth of Monochloroacetic acid. For instance, In April 2016, CABB Gmbh formed a joint venture with Jining Gold Power Co. Ltd for the production of monochloroacetic acid with an annual production capacity of 25 kilotons. The company will produce monochloroacetic acid in the form of flakes and later on in form of liquid.

Figure 3. Global Monochloroacetic Acid Volume Market Share (%), By End- Use Industry, 2018

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Competitive Section:

Major players engaged in the market are AkzoNobel N.V., CABB Group, Nufarm Limited, Niacet Corporation, Jubilant Life Sciences Limited, Shandong Minji Chemical Co., Ltd., Archit Organosys Limited, IOL Chemicals & Pharmaceuticals Limited, Meridian Chem Bond Pvt. Ltd., and S.R.Drugs and Intermediates Pvt. Ltd.

Key Developments:

In April 2016, the company formed a joint venture with India-based Atul Ltd. for production of monochloroacetic acid.

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[mypurplenutcollectionuniverse]

The global monochloroacetic acid (MCAA) market is having a prolific run at present and can expect a safe passage growth-wise is owing to its popularity in the agricultural sector. Monochloroacetic acid is a specialty organochlorine compound that is colorless, crystalline structured mass, and highly soluble in water.

[mypurplenutcollectionuniverse]

Monochloroacetic Acid Market Industry Analysis Report, Regional Outlook Application Growth Forecast To 2023

The global monochloroacetic acid (MCAA) market is having a prolific run at present and can expect a safe passage growth-wise is owing to its popularity in the agricultural sector. Monochloroacetic acid is a specialty organochlorine compound that is colorless, crystalline structured mass, and highly soluble in water.

The product is becoming widely popular in all the major agricultural countries where the cultivability and infertility of land are perturbing issues. The component is also required in the production of carboxyl methyl cellulose (CMC), a necessary water retention agent and viscosity modifier for oil drilling activities.

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The global monochloroacetic acid market is expecting robust growth with which it can exceed the expected market valuation during the forecast period (2017-2023), explains Market Research Future (MRFR). This extensively studied report encompasses segmental analysis depending on various parameters, drivers that can impact the global market significantly in the coming years, and the latest updates of different market players.

Market Segmentation:

MRFR segments the monochloroacetic acid market by form, application, and end-use industry for a better understanding of the market prospect in the coming years.

Based on the form, the monochloroacetic acid market can be segmented into crystalline, liquid, powdered, and flakes.

Based on the application, the monochloroacetic acid market includes carboxyl methyl cellulose, thioglycolic acid, thickening agent, surfactants, intermediates, and others. As a thickening agent, its utility in food & beverage industry is quite substantial.

The end-user segment of the monochloroacetic acid market comprises agrochemicals, pharmaceuticals, cosmetic & Personal care, textiles, plastics, oil & gas, and others. The component is witnessing significant traction from the agrochemicals sector and having a great run in the pharmaceuticals.

Regional Analysis

MRFR report region-specifically segments the monochloroacetic acid market into North America, Europe, Latin America, Asia Pacific (APAC), and the Middle East & Africa (MEA).

Growing demand from agriculture, textile, and pharmaceuticals are boosting the APAC market, riding on which the region is fetching the maximum market share. Furthermore, a lot of major companies are based out of India, China, and Japan which is substantially assisting the market in having unprecedented growth.

Competitive Analysis

Notable players of the monochloroacetic acid market as profiled in the report of MRFR are Akzo Nobel N.V. (Netherlands), The Dow Chemical Company (U.S.), CABB GmbH (Germany), Denak Co., Ltd (Japan), Daicel Corporation (Japan), PCC SE (Germany), Niacet (U.S.), Xuchang Dongfang Chemical Co. Ltd. (China), Shiv Chem Industries (India), Abhishek Impex (India), Shandong Minji Chemical Co., Ltd. (China), Jubilant Life Sciences Ltd. (India), Merck KGaA (Germany), Alfa Aesar, Thermo Fisher Scientific (U.S.), and Anugrah IN-ORG(P) LIMITED (India).

In 2018, PCC SE declared their plan to expand their monochloroacetic acid plant in Poland to keep up with the demand generated by various end-user industries. The production capacity would increase from 42,000 metric tons to 100,000 metric tons.

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